first big investment round After months of years of negotiations in the technological field, Wallapop deal with a few of its existing partners so they injected 81 million euros into their accounts. Well, 2nd hand product sales platform Completed a funding round led by a European investment fund Capital of KoreaHaving the support of the Korean company NAVER and this increases the market value of the platform by 771 million Euros.
According to the statement made by the company itself, this highest valuation attributed to the business Founded by Augustine Gomez and now managed by Rob Cassedy. In any case, the Barcelona-based company has yet to ‘reach its valuation’Unicorn‘ is a seal that separates ‘startups’ worth more than one billion dollars, stating that everything shows that Wallapop will succeed in its next big tour. Last year, it raised 157m euros in a similar operation, although in the context of greater investment fluidity.
Regardless, money will do its job. idea Fuel growth in Southern Europeincreases its presence in this field. The company platform Italy in 2021 and reached Portugal last September.
“In recent years, Wallapop expansion efforts “They have enabled more and more people to benefit from our core purpose of facilitating a more conscious and humane form of consumption that creates economic opportunities for people who continue to be of great importance in the current socio-economic environment,” Cassedy says. “We focused on promotion” reuse revolution in southern europeAdding that NAVER, Korea and other investors share his vision, we prioritize a healthy growth model that allows us to increase our impact as we scale and create a unique inventory ecosystem that can continue to expand further in the future.
According to the same statement, Wallapop billed €72m in 2022, 40% more than the previous year. the success of your monetization channelsIn this sense, income transactions between users (doubling in 2021 and continuing to rise this year, though they don’t specify how much) and platform subscription services.
In total, the company has doubled since 2020 and currently employs more than 300 people.
Source: Informacion
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